Business Rates

Monica Harding Excerpts

Tuesday 27th January 2026 Commons Chamber

[Dan Tomlinson]

I very much agree with my hon. Friend. What happened in the past is in stark contrast to the reform of our business rates system under our Government. We have set out long-term differences in the multipliers—also known as the tax rates—faced by high-street businesses and those faced by the online giants and the largest businesses. Typical businesses on his high street will have a significantly lower tax rate than that faced by the largest online warehouses. I understand that bills may still increase because of the winding down of pandemic relief and the increase in rateable values, but that underlying reform of the system is there, and it is there for good.

[Monica Harding (Esher and Walton) (LD)]

Tom Duxberry has run Marney’s village inn, a brilliant and much-loved local in Weston Green, for 17 years. Its rateable value is set to rise from £20,000 to £50,000—a 175% increase—and he is facing rent rises; inflation on beer, wine products and energy; and customers with less money in their pocket. Did the Government not see his plight right from the get-go, and what more help can they give him with all those pressures?

[Dan Tomlinson]

Because of the interventions announced today, the total business rates bill for pubs will fall over the coming years. As the hon. Member mentions, we are giving individual pubs a 15% reduction on their new bills, and then a real-terms freeze for the next two years. That is a significant intervention because of the significant challenges that pubs have faced—7,000 pubs have closed—and the issues with their RV methodology.

Business Rates: Retail, Hospitality and Leisure

Monica Harding Excerpts

Monday 19th January 2026 Commons Chamber

[Mr Speaker]

Order. We are going to run this session for an hour from the start, so it will end at 4.40 pm. If the Minister can help Members to get in, that will be really useful.

[Monica Harding (Esher and Walton) (LD)]

Perhaps the Prime Minister, on his much-heralded cost of living tour, might like to visit the pubs and cafés in my constituency of Esher and Walton, if they let him in. They are being squeezed to breaking point by this Government, while constituents watch their wallets because of tax rises. Hospitality venues are the lifeblood of my high street and create the jobs we need for young people. Will the Government act now by fully using business rates relief and introducing an emergency VAT cut for hospitality to protect jobs, pubs, restaurants and the lifeblood of my constituency?

[Dan Tomlinson]

One of the things that the Government are doing to support businesses up and down the country is bringing back economic stability. Under this Government, interest rates have been cut six times, which will reduce borrowing costs for businesses small and large, and we are doing all we can to boost living standards, so that people have more money in their pockets to spend in hospitality businesses. We have seen faster increases in wages in the first year of this Government than we did in the first 10 years under the Conservatives.

Oral Answers to Questions

Monica Harding Excerpts

Tuesday 4th March 2025 Commons Chamber

[Rachel Reeves]

In the Budget in October I had to fill the £22 billion black hole left by the previous Government, but there are huge opportunities to grow the economy in the east midlands. We recently agreed the £9 billion Unity deal with Rolls-Royce to support the Royal Navy submarine fleet, which will provide a major boost for economic growth in the east midlands, creating and maintaining 5,000 long-term jobs. That is good for our country’s security, and good for the people of the east midlands.

[Monica Harding (Esher and Walton) (LD)]

3. What assessment she has made of the potential impact of the planned increase in employer national insurance contributions on economic growth.

[Munira Wilson (Twickenham) (LD)]

20. What assessment she has made of the potential impact of the planned increase in employer national insurance contributions on economic growth.

[The Exchequer Secretary to the Treasury (James Murray)]

The Government have taken difficult decisions to repair the public finances, fund public services and restore economic stability. The Office for Budget Responsibility predicts that the employer national insurance contribution changes

“will reduce the level of potential output by 0.1 per cent at the forecast horizon”.

It also predicts that growth will pick up next year and that living standards will rise faster during this Parliament than during the last, and in the long term it expects the autumn Budget policies, if sustained, to increase the size of the economy permanently.

[Monica Harding]

My constituent Alison runs Stepping Stones nursery school, which has been operating in my constituency for 30 years, offering wraparound care to busy families. The increase in employers’ national insurance contributions alone will cost it £16,000 a year and it is still struggling with an increase in utility costs, while other nurseries in the area are also struggling and, indeed, closing. Headmasters, a hairdresser in Walton, is struggling with £15,000 of extra costs, owing primarily to this tax rise. Can the Minister explain to businesses in Esher and Walton how the Government’s national insurance policy will deliver growth or higher living standards, given that it seems to be doing neither?

Low-income Countries: Debt Cancellation

Monica Harding Excerpts

Thursday 6th February 2025 Westminster Hall

[Monica Harding (Esher and Walton) (LD)]

It is a pleasure to serve under your chairmanship, Ms McVey. I thank the hon. Member for Southgate and Wood Green (Bambos Charalambous) for bringing this important issue to the House, and I praise his work on raising awareness of it.

For decades many low-income nations have struggled under the weight of unsustainable debt, spending billions servicing debt that prevents them from addressing the needs of their people or responding to the climate emergency, threatening a wave of political instability. It also prevents them from long-term investment in healthcare, education and infrastructure—the essential pillars of progress and stability.

Lower-income countries have been facing increasingly unsustainable debts since the 2008 financial crisis, with debt payments increasing by over 200% between 2010 and 2025—reaching the highest level since the mid-1990s. That is no surprise when we consider the combination of the covid-19 pandemic, the war in Ukraine and the global monetary tightening that has exposed vulnerable economies to insurmountable debt challenges, as private capital inflow stopped and sovereign defaults ensued for already vulnerable frontier communities.

The Liberal Democrats were the first to call for debt cancellation and have been calling for faster and stronger action on the global debt crisis ever since, because the case for debt cancellation is clear. It provides immediate relief, allows Governments to prioritise social investment and fosters long-term economic growth. Over the long term, it allows those countries to become less reliant on overseas development assistance from countries such as the UK. History shows that when debt relief is granted, countries are able to improve public services, reduce poverty and achieve sustainable development goals. When countries are crushed by debt, however, that leads to instability, mass migration crises that end up in the UK, and economic stagnation that affects us all.

Faster and stronger action on the debt crisis is particularly important in Africa. In 2023, African countries spent over 50 times more on external debt than they received in aid from the UK, and 50% more than the total aid to the region. That is why we are clear in our support of aligning the UK with the African Union’s push for full debt cancellation.

The current mechanism for debt cancellation, via the common framework, has been too slow in its progress on cases, with only four countries having applied and only three reaching agreement—Zambia, Ghana and Chad, with Ethiopia still in talks. Clearly, the Government must improve those mechanisms, and I note that the International Development Committee 2023 report on debt cancellation for low-income countries made recommendations for the previous Government. Many of those remain outstanding, so I hope the Minister will address that today.

I hope that the Foreign, Commonwealth and Development Office’s upcoming development review will focus closely on the critical interplay between debt and development in its strategy. That is essential, because this Labour Government have presided over a further real-terms cut to the official development assistance budget, making it even lower than it was under the last Conservative Administration. Under this Government, there has been an absolute cut in the level of support being provided to the world’s poorest people.

Low-income countries have been put between a rock and a hard place for too long, forced to service ever-increasing debts with less and less overseas development assistance from the likes of the UK and now, of course, the US. That has compelled such countries to service debt rather than helping their most vulnerable people, plunging those nations into further poverty.

I sincerely hope the Minister can reassure us today that the Government will return to spending 0.7% of GNI on ODA. I hope that the news that there will be no new funding at the Nutrition for Growth summit this month is not a harbinger of the trajectory of the Government’s spend on international aid, and that the UK will return to its role leading on international development, particularly given the USA’s apparent retreat. I look forward to hearing what she has to say shortly.

I draw to a close by re-emphasising that although the UK’s ability to act independently is limited by international agreements, it has significant influence over debt restructuring, with 45% of all sovereign debts governed by English law. I look forward to hearing how the Government intend to strengthen the common framework and address the root causes of debt accumulation, including unfair trade policies, exploitative lending practices and lack of financial transparency. It is time for a new financial framework that stops the cycle of debt dependency, and it is time for Britain to restate its commitment to the world’s poorest.

Oral Answers to Questions

Monica Harding Excerpts

Tuesday 21st January 2025 Commons Chamber

[Darren Jones]

I thank my hon. Friend for her question on a topic that I know she has great expertise in. She will know that it is important that spending across Departments, whether on military, humanitarian or economic support, is aligned with our ODA spending. The multi-year spending review is under way, and we will confirm budgets in June for the years ahead. As I have confirmed, we will come back to the House every year to review and confirm the fiscal tests as they relate to 0.7% of GNI on ODA.

[Monica Harding (Esher and Walton) (LD)]

Given that the Office for Budget Responsibility forecasts that the fiscal test of returning to 0.7% will not be met in this Parliament, and that there has been no equivalent uplift to the £2.5 billion that the Conservatives put to spend on in-country refugee costs, are the Minister and this Labour Government content to have presided over a real-terms cut to the ODA budget compared with the previous Conservative Government?

[Darren Jones]

One of the issues, to which the hon. Lady alludes, is that under the last Administration, when they lost control of the borders and the asylum system, the cost of hotels to house asylum seekers waiting for their decision was included in the ODA definition of spending. That is why the Home Secretary is working at pace to reduce that backlog as quickly as possible, and we are making much more significant progress than the previous Administration did in many years.

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Monica Harding Excerpts

2nd reading
Tuesday 3rd December 2024 Commons Chamber

[Luke Murphy]

Both the back door and the front door of the NHS have been broken over the last 14 years, so we will take no lectures from the Conservatives about the state of the NHS or the impact of policies.

The protection of small business is also built into the Bill. The increase in the employment allowance to £10,500—as the Minister said—and the expansion to all employers mean that 250,000 employers will pay less national insurance, and that 820,000 employers will see no difference in their national insurance bills. That will ensure that these changes fall only on the businesses with the broadest shoulders. This Government continue to champion entrepreneurship and wealth creation, boosting public investment by more than £100 billion over this Parliament.

[Monica Harding (Esher and Walton) (LD)]

My constituency has a higher proportion of business owners, entrepreneurs, and high-growth enterprises and start-ups than many others. One of them wrote to me this week to say that they will cut their operations, and that the Budget has crashed any incentive or possibility for businesses to grow. Does the hon. Member agree that this Bill does not protect businesses or the workers they employ, and does not leave any hope for economic growth?

[Luke Murphy]

I take it that the hon. Lady must oppose the large investment in public services that the Government are proposing, and that she opposes the Government’s industrial strategy, which is one of the ways we will grow the economy. I remind Opposition Members that workers in small and large businesses depend on the NHS. As others have already said, many workers have continued to be out of work, which has a massive impact on our productivity. We should make no apologies for investing in our public services.

Oral Answers to Questions

Monica Harding Excerpts

Tuesday 3rd September 2024 Commons Chamber

[The Parliamentary Secretary, His Majesty’s Treasury (Emma Reynolds)]

I welcome my hon. Friend to this House, because he brings a great deal of expertise on green steel from his previous career. This Government’s plan to launch the national wealth fund is precisely to create investment across the country in some very important strategic industries, and that includes decarbonisation of steel and the steel industry.

[Monica Harding (Esher and Walton) (LD)]

T3. The prospect of the financial collapse of a major utility company such as Thames Water should cause us all grave concern given not only what it would mean for consumers in my constituency and many constituencies like it, but the wider implications it would carry for our economy and the Government finances. Does the Chancellor therefore agree that putting Thames Water into special administration and reforming it would protect not just consumers, including my constituents, but the wider economy?

[The Chief Secretary to the Treasury (Darren Jones)]

Water companies are commercial entities. It would therefore not be appropriate for me to comment on that. It is for the company and its investors to resolve their possible issues.